Commercial Credit Analyst - Underwriting - Military Veterans
at GM Financial
Overview
Why North America Commercial Credit Underwriting at GM Financial?
With a growing portfolio of more than 2,000 automotive dealerships, a role on the North America Commercial Credit Underwriting team provides a critical service within GMF's risk management and dealer services platform; we identify, analyze and provide solutions to mitigate risk through an ongoing analysis of automotive dealer operations for our existing portfolio of dealerships and for new dealership acquisitions.
This high visibility, accounting and finance-based role on our growing team offers significant exposure to senior management at GMF and draws upon a range of skills such as accounting, financial statement analysis, credit analysis, and technical writing, all in a hybrid work setting.
In our group, you will have the opportunity to learn and work with GMF's entire suite of asset-based lending solutions, including our wholesale floorplan credit line offering as well as an array of commercial loan products, each tailored to meet the needs of our dealership customers. In addition, we provide significant training resources to enhance skill development, and offer the chance to develop and maintain strong relationships with other departments within the organization.
This position will be located in Irving, Texas and following a hybrid work model. Hybrid (Combination of work from home and in-assigned office location)
Responsibilities
About the role:
As the Commercial Credit Analyst - Underwriting you will complete financial analysis for floorplan acquisitions, loan proposals and renewals/modifications of existing credit lines. This includes analysis of automotive dealerships financial statements, accurate reporting of findings, ensuring corporate compliance and risk management, as well as contact with dealership personnel and communication with internal/external stakeholders. You provide appropriate recommendations and supporting documentation and mitigate risk.
In this role you will :
- Accurately analyze financial statements of automotive dealerships and affiliates including fixed charged coverage ratio, bank reconciliation, assigning accurate risk ratings and provide appropriate recommendations to mitigate risk
- Interfacing with customers and internal/external stakeholders to obtain data to complete analysis
- Prepare accurate and concise proposals/modifications for credit committee approval
- Perform other duties as assigned
- Conform with all company policies and procedures
Qualifications
What makes you a dream candidate ?
- Analyze financial statements, balance sheets, income statements and the cash flow of automotive dealerships.
- Interfacing and building rapport with dealership customers and internal/external stakeholders to obtain data and information to complete analysis.
- Prepare accurate and concise credit proposals/modifications for management review to determine if the dealership customer qualifies for the extension of credit facilities.
- Knowledge and understanding of general accounting principles required
- Strong financial analytical skills preferred, including but not limited to financial statement analysis, cash flow analysis, fixed charge coverage ratio calculation, reconciliation of tax returns to financial statements, analysis of retained earnings adjustments, and bank statement reconciliations
- Excellent written and oral communication skills required
- Must be detail-oriented with the ability to adapt to change quickly, productively manage daily workflow and organize tasks to meet tight deadlines
- Understanding of automotive dealership operations preferred
Experience
- Bachelor's Degree in Accounting, Finance or in related field or equivalent work experience required
- 1-3 years of directly related experience in financial analysis and experience in automotive dealership commercial lending environment preferred
What We Offer: Generous benefits package available on day one to include: 401K matching, bonding leave for new parents (12 weeks, 100% paid), tuition assistance, training, GM employee auto discount, community service pay and nine company holidays.
Our Culture: Our team members define and shape our culture - an environment that welcomes innovative ideas, fosters integrity, and creates a sense of community and belonging. Here we do more than work - we thrive.
Compensation: Competitive pay and bonus eligibility
Work Life Balance: Flexible hybrid work environment, 2-days a week in office
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Irving, TX
GM Financial is the wholly owned captive finance subsidiary of General Motors and is headquartered in Fort Worth, U.S. We are a global provider of auto finance solutions, with operations in North America, South America and Asia. Through our long-standing relationships with auto dealers, we offer attractive retail financing and lease programs to meet the needs of each customer. We also offer commercial lending products to dealers to help them finance and grow their businesses.
OUR BUSINESS & OUR HISTORY
GM Financial was founded as AmeriCredit in September 1992 and opened its first branch office in Fort Worth, Texas. On October 1, 2010, AmeriCredit Corp. was acquired by General Motors Company and renamed General Motors Financial Company, Inc. (GM Financial). In 2011, GM Financial acquired FinanciaLinx to serve GM dealers and customers throughout Canada. In November 2012, GM Financial announced the acquisition of Ally Financial Inc.’s international operations. The majority of those acquisitions were finalized in 2013, with the remaining market, a 35 percent equity interest in a joint venture in China, acquired in January 2015. In October 2017, GM Financial completed the sale of its European financial subsidiaries and branches as part of General Motors’ sale of the Opel and Vauxhall businesses to Peugeot S.A.
GM Financial provides auto finance solutions to 14,000 dealers worldwide, with earning assets of $93 billion at September 30, 2018.
CORPORATE GOVERNANCE
GM Financial's success is largely dependent on building strong, lasting relationships with our dealers and the consumer customers that we serve. This is why we are committed to providing best-in-class customer service, while promoting open, honest communication at all levels.
Our executive team and all employees must adhere to GM Financial's Code of Business Conduct and Ethics. Our Code outlines the principles by which all team members conduct business with customers, vendors and each other. These principles apply to all GM Financial team members and affiliates and although it does not cover every issue that may arise, the Code provides guidelines for all employees in regard to their business conduct.
For a deeper understanding of expectations and guidelines set forth for the entire GM Financial team, please review GM Financial's Code of Business Conduct and Ethics policies below.